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Latest Articles in indirect taxes

Sonu Sood Says Every Rupee In His Foundation Awaiting Turn To Save A Life

Speaking out for the first time since multiples searches at his premises and those related to his associates last week, the 48-year-old actor said he had been busy "attending to a few guests" and that is why he was unable to be at the service of the people for the last four days.

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Burden Of Taxes Impeding Household Consumption: Ind Ra

The risk of declining real wage growth could limit the consumption and demand improvement both in the near and medium terms

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Top Five Upcoming GST Firms To Look Out For In The Next Financial Year

The accounting work is performed by professionals who specialize in services like tax consultancy, audit, advisory etc.

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Deficit In Direct Tax Collection - Is Government Being Too Optimistic?

Looking at the revenue sacrifice on account of a reduction in corporate tax rate and the sluggish economy, it is going to be tall order for the income tax department to bridge this gap.

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Budget 2020: Finmin Seeks Suggestions For Rationalising Income Tax, Other Duties

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.

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GST Council Discusses Revenue Shortfall, Sets Up GoM On 'Calamity Tax'

The panel, headed by Union Finance Minister Arun Jaitley and comprising of representatives of all states and UT, also took stock of the shortfall in tax mop up by majority of the states under GST

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Traders seek leniency on filing tax returns under GST regime

Nearly 82 per cent or 1.7 lakh traders have registered under the new single tax system.

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There May Be Initial Problems During GST Rollout: Arun Jaitley

Finance Minister Arun Jaitley today said people may have to face some difficulty initially as the GST is rolled out but in the long run the new indirect tax regime would help cut tax evasion and check price rise

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GST Will Help India To Evolve As Tax-Compliant Society: Arun Jaitley

"It certainly will be a more efficient tax and one of the important changes it will bring about is (that) it will not only check evasions, but also help in evolving India as a more tax complaint society," he said.

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Tax Evasion Of More Than Rs 1.37 Lakh Crore Detected In Last 3 Years: Revenue Department

The Revenue Department on Friday said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies which indulged in bogus transactions worth Rs 13,300 crore in the last three financial years

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Govt Exceeds FY17 Tax Collection Target At Rs 17.10 Lakh Crore

The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore. The revised estimates provided in Budget on February 1 had projected tax collections of Rs 16.97 lakh crore

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GST Would Be Instrumental For Simplification And Greater Transparency

The FM did not seem to disappoint on the first set of expectations with a new agenda "Transform, Energise and Clean India" (TEC) that consisted of ten distinct themes to foster this broad agenda

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Tata Motors, Kingfisher Owe Over Rs 1,000 Crore Each In Indirect Tax

Tata Motors and Kingfisher Airlines are among the four companies that owe over Rs 1,000 crore in indirect taxes to the exchequer, Parliament was informed on Friday

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Efforts On To Build Consensus On Sticky GST Issues: Arun Jaitley

Finance Minister Arun Jaitley on Thursday said the Centre is making all efforts to build consensus on sticky issues, especially on jurisdiction of assessees, to ensure GST rollout from April 1, 2017

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Govt Unearths Indirect Tax Evasion Of Rs 50,000 Crore In 2 Years

The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years, a 32 per cent jump over a similar previous period

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